La Polar is the fourth largest retail company in
Chile
Chile, officially the Republic of Chile, is a country in western South America. It is the southernmost country in the world and the closest to Antarctica, stretching along a narrow strip of land between the Andes, Andes Mountains and the Paci ...
, behind
Falabella
The Falabella is an Argentine list of horse breeds, breed of small horse. It is among the smallest of horse breeds, with a height at the withers in the range ..
History
The horses of South America descend from Andalusian horse, Andalusian and ...
,
Paris S.A and
Ripley S.A.
The company has 43 stores, being 38 in Chile and 5 in Colombia and
offers various products, such as clothing, accessories, sporting goods, beauty products, gifts, infant products, electronics, furniture, furnishings, and household products. It also provides a range of services comprising the credit cards, general and life insurance, and extended warranty durable products.
Renegotiated customers' debt without consent
On 17 June 2011 Chile's
Superintendencia de Valores y Seguros (securities regulator) indefinitely suspended trading in Empresas La Polar SA pending an investigation after La Polar announced it would have to provision an additional $430 million due to irregularities in its store-credit department.
[Reuter]
Chile La Polar eyes $890 mln to cover bad credit
/ref>
References
External links
"Llegar y llevar", el escándalo de los almacenes chilenos La Polar
in Spanish newspaper El País
(; ) is a Spanish-language daily newspaper in Spain. is based in the capital city of Madrid and it is owned by the Spanish media conglomerate PRISA.
It is the second-most circulated daily newspaper in Spain . is the most read newspaper in ...
on 20 June 2011, Retrieved 20 June 2011 in Spanish language
{{portal, Companies
Department stores of Chile
1920 establishments in Chile